OIL FUTURES: Crude lacks direction as market eyes budding demand woes, tight global supply
Crude futures settled mixed May 24 as the market weighed demand concerns fueled by weak US economic data and an uptick in Chinese COVID-19 cases against tight global supply outlooks. NYMEX July WTI settled down 52 cents at $109.77/b while ICE July Brent climbed 14 cents to $113.56/b. Oil prices saw headwinds early in US trading after selling pressure resumed…